And they will seize them. The legal framework to take them in an "emergency" has already been laid down.
Obama was so bold about it that he proposed a "MyIRA" for "every American" last February, and then started worked with the lawyers to make the seizure a done deal once he decides to accomplish it.
I fully agree. And the day after it happens will be the first with blood in the street.
Tht's the last big pot of ready assets. When the next crisis comes there will be some "mandate" to include guaranteed government debt as part of any portfolio. It will be a "one time" temporary measure that will never be rescinded but extended - just like an Illinois temporary income hike.